LONDON—Oil slipped on Monday in volatile trading as the release of strategic reserves by consuming nations eased concerns over tight supply amid Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal. Crude dropped by about 13 percent last week after President Joe Biden announced a record U.S. oil reserves release and as…
Stocks Stall as West Considers More Sanctions Against Russia
LONDON—Global equity markets made a cautious start on Monday amid talk of more sanctions against Russia over its invasion of Ukraine, while a closely watched part of the U.S. yield curve fuelled recession worries further. Germany said the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian…
Ukraine’s Economy Could Contract 40 Percent in 2022, Ministry Says
Ukraine’s economy shrank 16 percent year-on-year in the first quarter of this year and could contract 40 percent in 2022 as a result of Russia’s invasion, the economy ministry said in a statement on Saturday, citing preliminary estimates. “Areas in which remote work is impossible have suffered the most,” it said.
LIVE UPDATES: Ukraine: Russian Missiles Strike Several Ukrainian Cities; Seven Humanitarian Corridors Planned for Evacuations
The latest on the Russia–Ukraine crisis, April 2. Click here for updates from April 1. Russian Missiles Strike Several Ukrainian Cities: Local Officials Russian missiles hit two cities in central Ukraine early on Saturday, damaging infrastructure and residential buildings, the head of the Poltava region claimed. “Poltava. A missile struck one of the infrastructure facilities…
LIVE UPDATES: Ukraine: Russian Missiles Strike Several Ukrainian Cities; Thousands Evacuated from Mariupol
The latest on the Russia–Ukraine crisis, April 2. Click here for updates from April 1. Thousands Evacuated from Mariupol Thousands of people were successfully evacuated by buses from the besieged Ukrainian city of Mariupol on Friday, according to Ukraine’s President Volodymyr Zelenskyy, who called the situation there a “humanitarian catastrophe.” Zelenskyy said in a video…
LIVE UPDATES: Ukraine: Series of Explosions Near Zaporizhzhia Nuclear Power Plant; Thousands Evacuated from Mariupol
The latest on the Russia–Ukraine crisis, April 2. Click here for updates from April 1. A Series of Explosions Took Place in Energodar Nearby Zaporizhzhia Nuclear Power Plant A series of blasts have torn through the Ukrainian city of Enerhodar nearby the Zaporizhzhia nuclear power plant. Ukraine’s state nuclear agency reported about Saturday’s attacks on its…
LIVE UPDATES: Anti-Russian Sanctions Don’t Work: Polish Prime Minister
The latest on the Russia–Ukraine crisis, April 2. Click here for updates from April 1. Anti-Russian Sanctions Don’t Work: Polish PM The recovery of the Russian ruble indicates that the sanctions on Moscow are not serving their purpose, Polish Prime Minister Mateusz Morawiecki said on Saturday. A large number of states, including EU members, imposed…
LIVE UPDATES: Breakaway Area Denies Russian Troops Massing
The latest on the Russia–Ukraine crisis, April 2. Click here for updates from April 1. Breakaway Area Denies Russian Troops Massing Authorities in the tiny breakaway region of Transnistria in Moldova denied “absolutely untrue” claims Saturday by Ukraine that Russian troops based there are massing to conduct “provocations” along Ukraine’s border. Earlier Saturday, the General…
LIVE UPDATES: Russian Missiles Strike Several Ukrainian Cities: Local Officials
The latest on the Russia–Ukraine crisis, April 2. Click here for updates from April 1. Russian Missiles Strike Several Ukrainian Cities: Local Officials Russian missiles hit two cities in central Ukraine early on Saturday, damaging infrastructure and residential buildings, the head of the Poltava region claimed. “Poltava. A missile struck one of the infrastructure facilities…
Oreo Maker Mondelez Says Ukrainian Biscuit Factory Suffered ‘Significant Damage’
April 1, 2022
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NEW YORK—Oreo cookie maker Mondelez International Inc. said its plant in Trostyanets, a town in eastern Ukraine, has suffered “significant damage” because of military action due to the war. The company added that to the best of its knowledge, no employees were injured in the attack. The Oreo plant—one of at least two Mondelez factories…
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